Gold is rallying. Find the sweet spot to BUY

Price has broken up the resistance and make a small consolidation. There are 2 buying plans for Gold
1st Plan (Green): Buy after the price break up the consolidation
2nd Plan (Red): Price might create a fake break down the structure which eventually is rejected by the ressistance which now turned to support. However before enter the position, find candle stick confirmation as price may also go further down to the trendline

Yorum:

Gold move down to support as expected and rejected nicely. last candle is bullish candle which also formed an inside bar in 4hr chart. Put a buy stop order once price breaks up the inside bar candle in 4hr

İşlem kapandı: durdurma seviyesi:

Gold never went back up to what is expected. Now Gold plan has changed.